Starting today, Apple Card users can pick to grow their Daily Cash benefits with a Savings account from Goldman Sachs, which provides a high-yield APY of 4.15 percent1 — a rate that’s more than 10 times the nationwide average.2 With no costs, no minimum deposits, and no minimum balance requirements, users can quickly establish and handle their Savings account straight from Apple Card in Wallet.3
“Savings helps our users get even more value out of their favorite Apple Card benefit — Daily Cash — while providing them with an easy way to save money every day,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “Our goal is to build tools that help users lead healthier financial lives, and building Savings into Apple Card in Wallet enables them to spend, send, and save Daily Cash directly and seamlessly — all from one place.”
Once a Savings account is set up, all future Daily Cash made by the user will be instantly transferred into the account. The Daily Cash location can likewise be altered at any time, and there’s no limitation on just how much Daily Cash users can make. To build on their cost savings even further, users can transfer extra funds into their Savings account through a connected checking account, or from their Apple Cash balance.
Users will likewise have access to a user friendly Savings control panel in Wallet, where they can easily track their account balance and interest made in time. Users can likewise withdraw funds at any time through the Savings control panel by moving them to a connected checking account or to their Apple Cash card, without any costs.4
The brand-new Savings account from Goldman Sachs builds on the monetary health advantages that Apple Card already provides, with definitely no costs,5 Daily Cash on every purchase, and tools that motivate users to pay less Apple Card interest — all, while providing the personal privacy and security users anticipate from Apple.
